1. California Academic Standards
for Economics
Adam Smith
12.1: Students understand common
economic terms and concepts and
economic reasoning

2. California Academic Standards
for Economics
12.2: Students analyze the elements of
America’s market economy in a global
setting

3. California Academic Standards
for Economics
12.3: Students analyze the influence of the
federal government on the American
economy

4. California Academic Standards
for Economics
12.4: Students analyze the elements of the
U. S. labor market in a global setting

5. California Academic Standards
for Economics
12.5: Students analyze the aggregate
economic behavior of the U. S. economy

6. California Academic Standards
for Economics
12.6: Students analyze issues of international trade and explain how the US economy affects, and is affected by, economic forces beyond the United States’
borders